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Anonymous

22 Oct 2019

∙

General Investing

Seeking advise Can I start with $100 monthly investment plan? Which platform should I use?

Almost reaching 55. And I am thinking of opening an investment account with $100 monthly plan. Something that I hope can be my passive income after retirement.

Appreciate if anyone here can guide me as I know nothing about investment and all these new tech products.

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Asheesh Chanda

22 Oct 2019

Founder at Kristal.AI

I would suggest you evaluate a systematic plan into a balanced portfolio - which has a good mix of Equity ETFs, Bond ETFs and Gold. Systematically adding to such a portfolio every month can help build a corpus over time. You can also run the algorithm we have made available at kristal.AI to see what is the suggested recommendation for your profile. Do note at kristal.AI we have made investments upto 50K USD totally free of any advisory fee or hidden charges. Do compare it to other Robos before you go ahead.

We also do not have any minimum requirement to start an account.

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Elijah Lee

11 Jul 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

With a budget of $100/mth, it would not be cost effective to do stocks. You may consider building up your portfolio with some dividend paying unit trusts. You can do this on POEMS. Start with one fund first and you can switch out into other funds once your portfolio grows in size.

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Tracy Lim

08 Jul 2019

Hey there! It's nice that you are starting out - no amount is too small :) I will recommend you to g...

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